Multimillion-dollar Bitcoin buys above $10,000

Ardoino further pointed to a volume spike peculiar to Bitfinex, noting that buy orders were still piling up above $10,000. Those orders included two for over $1.4 million each at $10,145 and $10,170 respectively.

“Especially the second green candle is only on us (some users entered hard in the market…) Spreads super tight,” he added.

As Cointelegraph reported, exchange reserves were lingering at their lowest levels since December 2018 as users appeared to want to hold coins, not trade or sell them.

Bitcoin exchange reserves 1-year chart. Source: CryptoQuant

According to the latest data from CryptoQuant analyzing exchange holdings, Bitcoin’s push above $10,000 has yet to attract a sizable return to exchange balances.